http://www.telegraph.co.uk/finance/economics/gilts/8524454/European-Central-Bank-threatens-to-pull-the-plug-on-Greek-lending.html
How likely is this?
One way or another it will have to default sooner or later?

No-one wanted this.
Tories: No
Labour: Mostly No apart form their comedy leader-dweeb and some right-on Islington luvvies
LDs: Not even them - Clegg says it;s a "miserable ittle compromise"
Biggest no %age was form the North East, hardly a tory stronghold.
So we get to keep the system which has produced mainly majority governments. Good.

Had no intention of bringing anyone else down, sorry you interpreted it that way. This site is full of people who think the crash is coming next month, maybe the month after, always has been.
No it ain't.
BTW see above post and judge whether I am depressed (and I can also spell...)

Nah don't feel for me, I am lucky. Got a great family, well(ish) paid job, and bought first house in 2000 so am much better off than an awful lot of poor b@stards.
Did look for a while like I might be able to buy a big house for not a huge amount, but seems not, hard though it is to understand.
Could be a lot worse though

OK so I just realised I joined this site 3 years ago.
And yet still this very day I read people consoling themselves that the Naitonwide figures aren't real, that the crash is just around the corner like the pot of gold at the end of the rainbow.
yes yes yes the logic is on the side of the bears.
But the facts and the reality are that there will now be no crash, just a long slow painful drawn out real terms fall in house prices over YEARS
On the bright side in 3 years my mortgage has gone down to now only £26K thanks to heroic overpayments and tight-fistedness. Once it's down to zero I think I will have to buy a bigger house. You only get one life, can't spend it all on here and my kids are growing up, my son needs a bedroom bigger than him and a garden longer than half the distance he can kick a football.
Can't hold out much longer, not going to live miserably just to make a point.
:angry:

This is not news.
Small diesel cars' aftertreatment is relatively expensive so small cars will indeed see a shift towards petrol over diesel, it;s already happening in fact.
Large cars will remian diesel powered in the main.
Particulates (the number of them, not the mass) from direct injection petrol engines will be regulated in time, possibly as soon an Euro 6 in 2014. Tiny particulates are probably worse than black soot, (as it's easier to clean up - almost all diesels have filters now). You heard it here first...

I always pay mine off in full, but if you'd asked me, I would have assumed the minimum payment was at least 5% already. Surely at 1% equates to about 16.9% APR so you never pay it off anyway...???
Can;t believe £20 per month will tip many over the edge tbh

So in order to stave off default (definition: not paying your debts) they are allowing them to , er, not pay their debts. But only for a bit. Honest guv...
Would it not be better all round to get all this surely inevitable defaulting over with? The protracted bailing out of the bailouts is ridiculous.